• Police in Lockerbie, Scotland, survey the damage on the ground after the bombing of Pan Am Flight 103 from London to New York, in December 1988.
    Police in Lockerbie, Scotland, survey the damage on the ground after the bombing of Pan Am Flight 103 from London to New York, in December 1988.
  • A policeman walking away from the damaged cockpit of the plane that exploded and crashed over Lockerbie, Scotland, in 1988.
    A policeman walking away from the damaged cockpit of the plane that exploded and crashed over Lockerbie, Scotland, in 1988.
  • Ruined houses in the town of Lockerbie.
    Ruined houses in the town of Lockerbie.
  • Some of the destruction caused by Pan Am Flight 103 after it crashed on to the town of Lockerbie.
    Some of the destruction caused by Pan Am Flight 103 after it crashed on to the town of Lockerbie.
  • Police and investigators look at what remains of the nose of Pan Am 103 in 1988.
    Police and investigators look at what remains of the nose of Pan Am 103 in 1988.
  • Police officers examine the wreckage.
    Police officers examine the wreckage.
  • Devastation caused by the explosion over Lockerbie.
    Devastation caused by the explosion over Lockerbie.
  • Wrecked houses and a crater in the ground in the village of Lockerbie, Scotland, after the bombing of the Pan Am 103.
    Wrecked houses and a crater in the ground in the village of Lockerbie, Scotland, after the bombing of the Pan Am 103.

Lockerbie bomber family's UK Supreme Court appeal bid fails


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Judges on Thursday refused the Lockerbie bomber's family permission to take an appeal against his conviction to the UK's highest court.

The bombing of Pan Am flight 103, travelling from London to New York on December 21, 1988, killed 270 people in Britain’s deadliest terrorist attack.

Former Libyan intelligence officer Abdelbaset Al Megrahi was found guilty in 2001 of mass murder and sentenced to life in jail with a minimum term of 27 years – the only person convicted of the attack.

In January, judges at the Court of Appeal in Edinburgh rejected a third appeal against his conviction made by his son.

Lawyers acting for the Megrahi family then sought permission to appeal to the UK Supreme Court, the final court of appeal for the case, but this was refused by five Scottish judges.

Family lawyer Aamer Anwar said they will now seek leave to appeal directly to the UK Supreme Court.

A written judgment issued on Thursday by Lord Carloway, the Lord Justice General, said the court “has had some difficulty in understanding the exact nature of the challenge”.

“Although the case is clearly one of public importance, the proposed grounds of appeal do not raise points of law of general public importance.

“The principles of law which the court applied were all well known, settled and largely uncontroversial in the appeal.

“For these reasons, the court refuses permission to appeal to the UK Supreme Court.”

Megrahi was released from prison in 2009 on compassionate grounds while terminally ill with cancer, and died in Libya in 2012.

The third appeal was lodged after the Scottish Criminal Cases Review Commission referred the case to the High Court in March 2020, ruling a possible miscarriage of justice may have occurred.

Lockerbie bomber Abdelbaset Al Megrahi was freed on compassionate grounds before his death in 2012. AFP
Lockerbie bomber Abdelbaset Al Megrahi was freed on compassionate grounds before his death in 2012. AFP

Judges then granted his son, Ali Al Megrahi, permission to proceed with the appeal in relation to the argument that “no reasonable jury” could have returned the verdict the court did, and on the grounds of non-disclosure of documents by the Crown.

Appeal court judges in January rejected both grounds of appeal, meaning the conviction stands.

“It is time for a new Libya, but that will never happen until there is justice for those who died in Lockerbie. I regard my father Abdelbaset Al Megrahi as the 271st victim of Lockerbie," Ali Al Megrahi said.

"[Libya now has] a new democratic government and we look to them to support our legal team in their pursuit of justice."

HIJRA

Starring: Lamar Faden, Khairiah Nathmy, Nawaf Al-Dhufairy

Director: Shahad Ameen

Rating: 3/5

Profile of Hala Insurance

Date Started: September 2018

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”